In this round, the 7,000-dollar drop brought a cold snap to the crypto market, and the market once caused panic, but we firmly believe that the medium- and long-term support for Bitcoin has not disappeared: First, in terms of policy, Trump, who is about to take office in the United States, has repeatedly promised in public to create a more friendly regulatory environment for the crypto industry, and even called for the establishment of a Bitcoin reserve; at the same time, large institutions and professional investors have not shown signs of large-scale withdrawal from the layout of major currencies such as Bitcoin and Ethereum; secondly, from a technical point of view, although the linkage between Bitcoin and US stocks has begun to decline recently, once the market is decoupled, Bitcoin is likely to go out of an independent market and challenge a new high.

Taking all factors into consideration, the recent violent fluctuations are mainly aimed at speculators who use a large number of leverage. On the eve of Trump's inauguration, clearing is inevitable. This is why we have always emphasized the short-term focus in the near future, and we have repeatedly reminded you to remember to do a good job of risk control. For the short-term thinking in the evening, the current form is still weak, and the currency price has also broken down in the afternoon. There may still be some continuation in the future, but it is not recommended to chase at a low level. If there is a rebound action under pressure in the evening, short orders will be intervened.

On Wednesday night, Bitcoin rebounded to around 97,000, so you can try to short. First look at the 93,500 line. If it breaks, continue to look at the 92,000 line, stop and then reverse. Ethereum, currently 3,400 has a certain pressure. Refer to this position to go short once in the evening, and look for a retracement to the intraday low of around 3,300, stop and then fight! For long-term investors, it is what we often say, the more it falls, the more you buy, just pay attention to controlling your position, the general direction is still optimistic! #加密市场回调